Consolidated Edison's latest quarterly dividend was on Feb 13, 2024 (ex-date) with a payout of $0.83 per share. On an annualized basis, the company has a current payout of $3.26 per share. This brings the dividend yield to 3.59% based on its recent close price. The latest dividend marks an increase of $0.02, or 2.5% from the prior distribution.
Consolidated Edison's dividend yield of 3.59% is below the Utilities sector, the industry and its peers average. But if we consider its Utilities sector average of 3.61%, Consolidated Edison's dividend yield is only 0.6% lower. The historical 5-year average of ED's dividend yield is 3.7%, which is similar to the current yield.
Consolidated Edison has been paying dividends since 1994. ED has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 2.5% since twelve months ago. And with the price of the stock down by 7% from a year ago, the dividend yield marks an increase of 10%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 13, 2024 | Mar 15, 2024 | Jan 18, 2024 | $0.83 | normal |
| Nov 14, 2023 | Dec 15, 2023 | Oct 19, 2023 | $0.81 | normal |
| Aug 15, 2023 | Sep 15, 2023 | Jul 20, 2023 | $0.81 | normal |
| May 16, 2023 | Jun 15, 2023 | Apr 20, 2023 | $0.81 | normal |
| Feb 14, 2023 | Mar 15, 2023 | Jan 19, 2023 | $0.81 | normal |
| Nov 15, 2022 | Dec 15, 2022 | Oct 20, 2022 | $0.79 | normal |
| Aug 16, 2022 | Sep 15, 2022 | Jul 21, 2022 | $0.79 | normal |
| May 17, 2022 | Jun 15, 2022 | Apr 21, 2022 | $0.79 | normal |
| Feb 15, 2022 | Mar 15, 2022 | Jan 20, 2022 | $0.79 | normal |
| Nov 16, 2021 | Dec 15, 2021 | Oct 21, 2021 | $0.775 | normal |
| Aug 17, 2021 | Sep 15, 2021 | Jul 15, 2021 | $0.775 | normal |
| May 18, 2021 | Jun 15, 2021 | Apr 15, 2021 | $0.775 | normal |
| Feb 16, 2021 | Mar 15, 2021 | Jan 21, 2021 | $0.775 | normal |
| Nov 17, 2020 | Dec 15, 2020 | Oct 22, 2020 | $0.765 | normal |
| Aug 18, 2020 | Sep 15, 2020 | Jul 16, 2020 | $0.765 | normal |
| May 12, 2020 | Jun 15, 2020 | Apr 16, 2020 | $0.765 | normal |
| Feb 18, 2020 | Mar 16, 2020 | Jan 16, 2020 | $0.765 | normal |
| Nov 12, 2019 | Dec 16, 2019 | Oct 17, 2019 | $0.74 | normal |
| Aug 13, 2019 | Sep 16, 2019 | Jul 18, 2019 | $0.74 | normal |
| May 14, 2019 | Jun 17, 2019 | Apr 18, 2019 | $0.74 | normal |
| Feb 12, 2019 | Mar 15, 2019 | Jan 17, 2019 | $0.74 | normal |
| Nov 13, 2018 | Dec 17, 2018 | Oct 18, 2018 | $0.715 | normal |
| Aug 14, 2018 | Sep 17, 2018 | Jul 19, 2018 | $0.715 | normal |
| May 15, 2018 | Jun 15, 2018 | Apr 19, 2018 | $0.715 | normal |
| Feb 13, 2018 | Mar 15, 2018 | Jan 18, 2018 | $0.715 | normal |
| Nov 14, 2017 | Dec 15, 2017 | Oct 19, 2017 | $0.69 | normal |
| Aug 14, 2017 | Sep 15, 2017 | Jul 20, 2017 | $0.69 | normal |
| May 15, 2017 | Jun 15, 2017 | Apr 20, 2017 | $0.69 | normal |
| Feb 13, 2017 | Mar 15, 2017 | Jan 19, 2017 | $0.69 | normal |
| Nov 14, 2016 | Dec 15, 2016 | Oct 20, 2016 | $0.67 | normal |
| Aug 15, 2016 | Sep 15, 2016 | Jul 21, 2016 | $0.67 | normal |
| May 16, 2016 | Jun 15, 2016 | Apr 21, 2016 | $0.67 | normal |
| Feb 12, 2016 | Mar 15, 2016 | Jan 21, 2016 | $0.67 | normal |
| Nov 16, 2015 | Dec 15, 2015 | Oct 22, 2015 | $0.65 | normal |
| Aug 17, 2015 | Sep 15, 2015 | Jul 16, 2015 | $0.65 | normal |
Consolidated Edison's payout ratio of 45% is below the Utilities sector, the industry and its peers average. In comparison with its Utilities sector average of 65.4%, Consolidated Edison's payout ratio is 31% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| D Dominion Energy Inc | 5.44% | $2.67 | 116.6% |
| FE Firstenergy Corp | 4.22% | $1.6 | 83.3% |
| EXC Exelon Corp | 3.96% | $1.46 | 62.4% |
| WEC Wec Energy Group Inc | 3.92% | $3.18 | 75.2% |
| NI Nisource Inc | 3.69% | $1.02 | 63.8% |
| ED Consolidated Edison Inc | 3.56% | $3.26 | 45% |
| PEG Public Service Enterprise Group Inc | 3.53% | $2.31 | 44.9% |
| CMS Cms Energy Corp | 3.35% | $1.98 | 65.7% |
| UTL Unitil Corp | 3.28% | $1.64 | 58.2% |
Yes, Consolidated Edison has been paying dividends for the last 30 years.
ED hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in May 2024.
Consolidated Edison's last regular dividend was on Feb 13, 2024 (ex-date) with the amount of $0.83 per share.
ED's annualized dividend per share is $3.26.
Currently Consolidated Edison's dividend yield is 3.59%.
Consolidated Edison has a quarterly dividend frequency.
Consolidated Edison's dividend payout ratio is 45%.
Consolidated Edison's dividend yield is similar to the Utilities sector average.